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What does profit motive ensure in a mixed economy and why is it important to protect it?
In a mixed economy, profit motive ensures that businesses strive for efficiency, innovation, and responsiveness to consumer needs, driving economic growth and improving overall welfare. Protecting the profit motive is essential because it incentivizes entrepreneurs to invest and take risks, thereby fostering competition and enhancing product quality and variety. Without this motivation, there could be stagnation in economic development and a decline in the standard of living. Balancing profit motives with regulatory measures helps maintain ethical practices and social equity.
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Why is there less economic growth with a command economy?
There is no motive to expand the economy in a command economy, whereas there are investors, changing demands, and prerogatives to improve production in a capitalist economy because of the competition that is lacking in a command economy.
What are the five features of your market economy?
There are five features that describe market economy. They are freedom of choice, motive of self-interest, competition, system of market and prices and limited government.
How is the profit motive the driving force behing the American economy?
the profit motive is the donkey version of cariad politics that are all
Why does the government need to regulate the free market to protect competition?
Producers driven by the profit motive seek to reduce their competition.
What problem did the move toward a market economy economy cause?
inflation due to lack of goods and profit motive unemployment due to change in objective and structure of the economy industrial unrest due to labour unrest lack of markets lack of welfare system changes in the international trade pattern
What was fern's motive in charlottes' web?
Fern's motive in "Charlotte's Web" was to save Wilbur the pig from being slaughtered. She saw Wilbur as a friend and wanted to protect him because she believed he was special. Fern's love and compassion for animals drove her to take action and ensure Wilbur's safety.
Why is there less economic growth with a command economy?
There is no motive to expand the economy in a command economy, whereas there are investors, changing demands, and prerogatives to improve production in a capitalist economy because of the competition that is lacking in a command economy.
What is the most important motive for predicting who will seek leadership positions?
The most important motive for predicting who will seek leadership positions is to ensure effective succession planning, identifying potential leaders early on, and providing necessary development opportunities for them. This can help organizations cultivate a strong leadership pipeline and avoid leadership gaps in the future.
What is the motives of king indarapatra in the story of indarapatra and sulayman?
King Indarapatra's motive in the story of "Indarapatra and Sulayman" is to protect his kingdom and his people from the evil creature, the Sarimaw. He demonstrates his bravery and leadership by seeking out Sulayman's help to defeat the Sarimaw and prevent it from causing harm to his land. Ultimately, his motive is to ensure the safety and prosperity of his kingdom.
What is Rikki's motive for figthing Nagaina What did he want?
Rikki fought Nagaina to protect the human family and their egg from harm. His primary motive was to ensure the safety of the bungalow and its inhabitants, which included hunting down Nagaina to prevent her from causing further harm or laying eggs that could threaten the family.
Why do animals possess a manipulation motive?
Animals possess a manipulation motive as a survival strategy to obtain food, protect themselves from predators, establish social dominance, or ensure reproductive success. This drive helps them navigate their environment effectively and improve their chances of survival and passing on their genes to the next generation.
What are the five features of your market economy?
There are five features that describe market economy. They are freedom of choice, motive of self-interest, competition, system of market and prices and limited government.
How important is lord Capulet's family to him?
He'd kill them if given the motive.
What was Russia's motive in supporting Serbia during the crisis of 1914?
Russia's motive in supporting Serbia during the crisis of 1914 was to protect its Slavic ally and maintain its influence in the Balkans against Austria-Hungary.
How is the profit motive the driving force behing the American economy?
the profit motive is the donkey version of cariad politics that are all
What is a by-motive?
A by-motive is a hidden motive.
Why does the government need to regulate the free market to protect competition?
Producers driven by the profit motive seek to reduce their competition.
